Indian bitcoin wallet provider Zebpay (Zeb Ventures Pte Ltd.) is pronounced to be in talks to lift a $4-5 million Series B round.
According to reports, a association is articulate to a series of Indian investors along with “a US-based try collateral account that focuses on blockchain technology.”
Founded in 2012 creatively as BuySellBitco.in, Zebpay offers a mobile Bitcoin wallet that allows users to buy and sell Bitcoin, store Bitcoin, along with a ability for those Bitcoins to be used to recharge mobile phone services and to buy eCommerce vouchers from sites such as Amazon, Flipkart, Makemytrip and some-more during a bonus of adult to 10 percent.
It differs itself from tradition bitcoin wallet providers by restraining their wallets to mobile phone numbers, a pierce that is claimed to make payments some-more secure and easy to use.
The association has continued to grow and is now pronounced to 130,000 users, adult from 25,000 users in Jan and is adding 20,000 new users any month. In turns of volume, a association was reported to have passed a $10 million a month symbol in September.
News that Zebpay is lifting a